Attachment D | ||
SUMMARY OF INCLUSIONARY PROGRAM RECOMMENDATIONS | ||
1. |
INCLUSIONARY REQUIREMENT/MINIMUM PROJECT SIZE/TYPE | |
All new developments containing five (5) or more multi-family residential units, a minimum of 20% of the total units designated for sale or rent to extremely low, very low, low or moderate-income households. | ||
a. |
For Ownership Housing Developments: The required affordable units must be for extremely low, very low, low or moderate income households, in any combination, but no more than 1/2 of the required affordable units may be designated for moderate income households. | |
b. |
For Rental Housing Developments: At least half of the required affordable units must be for extremely low or very low-income households. The remaining half of the required affordable units may be designated for extremely low, very low or low-income households, in any combination. | |
c. |
Credit for Disabled or Large Family Units: A reduction in the inclusionary requirement may be allowed if required units are designed, constructed, and designated for either disabled or large family households. | |
2. |
ALTERNATIVES TO CONSTRUCTING UNITS ON SITE | |
a. |
In-lieu Fee Option for Developments of 5 to 9 Units (only) | |
b. |
Transfer to Alternative Development Site | |
c. |
Land Dedication | |
d. |
Acquisition/Rehabilitation/Enforcement | |
3. |
TERM OF AFFORDABILITY - 55 years | |
4. |
INCENTIVES AND CONCESSIONS | |
a. |
Fee Reduction or Deferral | |
b. |
Priority Processing | |
c. |
Density Bonuses | |
d. |
Financial Assistance | |
5. |
ADJUSTMENT/APPEALS | |
Developer may appeal to the Planning Commission for a reduction, adjustment, or waiver of the inclusionary requirement. | ||
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